125+ Las Vegas Real Estate Statistics: Market Momentum (2025)

We’ve compiled over 125 Las Vegas real estate statistics for 2025 from REsimpli and other trusted sources. Covering everything from market overview and pricing to inventory, rentals, investments, and demographics, these numbers show a market with increasing inventory, steady price growth, significant development projects, and continued population expansion.

Top Las Vegas Real Estate Statistics (Editor’s Pick)

The Las Vegas real estate market continues to evolve with notable shifts in inventory, pricing, and demographics. These key statistics offer a snapshot of current market conditions, helping buyers, sellers, and investors make informed decisions in this dynamic housing landscape.

• While Las Vegas housing inventory stands at 3.7 months, 33.67% of people nationwide think the housing market is worsening in 2025.
• In January 2025, SFR inventory decreased from 5,800 to 5,600 units
• The average home value in Las Vegas is $425,474
• There are currently 1,615 new listings in Las Vegas
• There were 4,965 single-family houses listed without offers in December 2024
• There were 5,243 single-family homes for sale in January 2025, up from 3,525 in 2024
• There were 2,352 condos/townhomes for sale in January 2025, up from 1,429 in 2024
• Las Vegas Valley ranked as the 30th fastest-growing metro in the country
• The population demographics of Las Vegas show a 50% Female/Male split with an average age of 38 years old
• Las Vegas median home price is $475,531, contributing to why 72.58% of national respondents would opt to increase their mortgage terms to afford a home in 2025.

Housing Market Overview

Housing inventory levels serve as a crucial barometer of Las Vegas real estate market conditions, directly influencing buyer-seller dynamics. These statistics highlight the shifting supply-demand balance over recent months, revealing how inventory fluctuations are reshaping market competitiveness and pricing trends.

• While Las Vegas housing inventory stands at 3.7 months, 33.67% of people nationwide think the housing market is worsening in 2025.
• Housing inventory stood at 2.7 months in December 2024
• Housing inventory decreased 18.9% from November’s 3.4 months
• Housing inventory increased 10.5% compared to December 2023’s 2.5 months
• Las Vegas was considered a seller’s market in January 2025, indicating more buyers than available homes
• The Las Vegas single-family residential inventory has increased from 5,600 to 5,700 units over the past 30 days
• In January 2025, SFR inventory decreased from 5,800 to 5,600 units
• In December 2024, SFR inventory decreased from 6,100 to 5,800 units
• In November 2024, inventory remained stable at approximately 6,100 units
• In October 2024, inventory increased by about 200 units (3%) to reach 6,100 units
• In September 2024, inventory increased by about 500 units (10%) to reach 5,900 units
• In August 2024, inventory increased by about 600 units (12.5%) to reach 5,400 units
• In July 2024, inventory stood at around 4,800 active units, representing a 20% increase over previous months
• Months of supply is 4 months, unchanged from last year
• Sale-to-list price ratio was 97.9%, down 0.059 percentage points year-over-year
• The median sale-to-list price ratio in Las Vegas is 0.9897 as of December 2024
• Las Vegas home values increased 5.5% over the past year, while 45.58% of national respondents report being most concerned about high property prices in 2025.
• 1.08 months of housing supply in March 2022
• Home prices in Las Vegas are forecast to grow by 2.5% to 3.5% annually through 2025

Sources: REsimpli, RiceLasVegas, The Luxury Playbook, Zillow, Redfin, US News, Movoto Market Trends, NeighborhoodsinLasVegas

Home Prices & Values

Home prices are the essential barometer of Las Vegas real estate market health, directly affecting buyers, sellers, and investors alike. These statistics reveal how property values across various housing types have evolved over recent months, demonstrating the market’s resilience and growth patterns.

• The average home value in Las Vegas is $425,474
• Average home price in Las Vegas as of September: $431,000
• Month-over-month home price change in Las Vegas: 0.1% drop
• Record high average home price in Las Vegas: $433,222 in September 2022
• Average home price in Las Vegas in March 1991: $104,500
• Las Vegas median home price is $475,531, contributing to why 72.58% of national respondents would opt to increase their mortgage terms to afford a home in 2025.
• Median home prices decreased 1% from November’s price of $480,000
• Home prices increased by $30,000 from January ($445,000) to December 2024 ($475,000)
• Home prices in Nevada were up 5.0% year-over-year in January 2025
• Median home price in Nevada is $455,000
• The median price for condos and townhomes in Las Vegas has reached $315,000, showing a significant 14.3% increase from $275,500 in December 2023
• Condo and townhome median prices reached $290,000 in December 2024
• Condo and townhome prices decreased 4.4% from November 2024
• Condo and townhome prices increased 9.5% from December 2023’s price of $270,000
• The median list price for homes in Las Vegas is $450,000
• The median sale price in Las Vegas is $414,667 as of December 2024
• The median list price in Las Vegas was $480,000 in January 2025
• The median price per square foot in Las Vegas was $267 in January 2025
• Home prices increased 7.7% from June 2023 to June 2024 (calculated from the median prices: $475,000 vs $440,990)
• Home prices in Las Vegas were up by 6.4% compared to the previous year, with a median price of $415K (January 2024)
• 3.0% decrease in median home prices to $405,014 in February 2024
• Median sales price dipped to $270,000 in December
• 5.71% drop in median sales price from the year before (May 2023)
• 3.0% decrease in housing prices from the preceding year
• Though Las Vegas home prices rose 5.9% year-over-year, 62.67% of people nationwide believe urban housing will become more affordable in 2025.
• The median price for single-family homes in Las Vegas was $549,000 in January 2025, up from $527,995 in 2024
• The median price for condos/townhomes in Las Vegas was $300,000 in January 2025, up from $289,850 in 2024
• The median price per square foot for single-family homes in Las Vegas was $270 in January 2025, compared to $258 in 2024
• The median price per square foot for condos/townhomes in Las Vegas was $262 in January 2025, compared to $255 in 2024

Sources: REsimpli, Movoto Market Trends, ReviewJournal, Forbes, RocketHomes, Noradarealestate, KNPR, Redfin, Zillow

Housing Inventory & Sales Volume

Housing inventory and sales volume metrics reveal the fundamental supply-demand balance in Las Vegas real estate. These statistics show how property availability has evolved while tracking the pace of home purchases throughout the market.

• There are currently 1,615 new listings in Las Vegas
• The current for-sale inventory in Las Vegas stands at 6,817 homes
• There were 4,965 single-family houses listed without offers in December 2024
• Active listings decreased by 10.9% from November 2024
• Active listings increased by 31.8% compared to December 2023
• Number of homes sold rose 1.6% year-over-year to 2,720 homes in January 2025
• Number of homes for sale rose 22.5% year-over-year to 14,855 homes
• Median days on market was 64 days, up 4 days year-over-year
• 15.4% of homes in Nevada sold above list price, down 2.2 percentage points year-over-year
• 23.3% of homes had price drops, up 2.8 percentage points from January last year
• 4,332 newly listed homes in January 2025, up 14.7% year-over-year
• In December 2024, 18.01% of Las Vegas homes sold above their list price
• In December 2024, 58.27% of Las Vegas homes sold below their list price
• There were 8,572 active home listings in Las Vegas
• Las Vegas had 767 new homes for sale
• There were 58 open houses available in Las Vegas
• Las Vegas had 1,553 homes with reduced prices
• Homes in Las Vegas spent an average of 48 days on the market in January 2025, compared to 58 days in 2024
• The total inventory was 7,589 homes for sale in January 2025, up from 4,951 in 2024
• There were 5,243 single-family homes for sale in January 2025, up from 3,525 in 2024
• There were 2,352 condos/townhomes for sale in January 2025, up from 1,429 in 2024
• Single-family homes in Las Vegas spent a median of 44 days on the market in January 2025, down from 61 days in 2024
• Condos/townhomes in Las Vegas spent a median of 48 days on the market in January 2025, down from 53 days in 2024
• Las Vegas saw 1,811 single-family homes sold in December 2024
• Home sales increased by 10% from November to December 2024
• December 2024 sales volume was up 19.3% compared to December 2023
• Homes in Las Vegas typically go to pending in around 38 days
• In December 2024, 50.1% of homes sold within 30 days of listing
• A total of 31,305 existing homes, condos, and townhomes were sold throughout 2024
• Total sales volume increased 8% from 29,069 sales in 2023
• Total home sales value reached $1.1 billion in December 2024
• Condo and townhome sales totaled $144 million in December 2024
• A total of 147 homes sold for over $1 million in December 2024
• Home sales units have increased from 1,500 to 1,550, though this remains 250 units lower than three months ago
• Homes sold after 51 days on the market, a decrease from 76 days in the previous year
• 720 homes sold in January 2024, up from 610 the previous year
• 6,205 homes sold in February 2024
• New listings fell by 23.8% from November with a total of 1,500 new listings reported

Sources: Redfin, Rockethomes, RiceLasVegas, NeighborhoodsinLasVegas, Movoto Market Trends, Zillow

Rental Market

The rental market significantly impacts Las Vegas’s real estate landscape and housing affordability. These statistics reveal shifting inventory levels and pricing trends, offering essential insights for both investors and potential tenants in this competitive market.

• Single-family residential rental inventory decreased from 2,600 to 2,400 available units over the past 30 days (February 2025)
• Leased properties rose from 1,000 to 1,400 units (February 2025)
• Current rental market is at about 1.7 months of inventory (February 2025)
• January 2025 had approximately 2.5 months of inventory, up from 2.15 months during the prior period
• December 2024 showed approximately 2.15 months of inventory, up slightly from 2 months
• November 2024 had about 2 months of inventory
• October 2024 showed about 2 months of inventory with approximately 2,650 active single-family homes for rent
• September 2024 had about 2 months of inventory with approximately 2,550 active single-family homes for rent
• August 2024 had about 1.8 months of inventory, up from 1.5 months
• July 2024 recorded about 1.5 months of inventory with 2,100 active units
• It now takes 21-28 days to rent a house vs. 7-14 days previously
• Over 70% of landlords have reported a surge in rental application fraud in the last 12 months
• Rents in Las Vegas increased by 40-50% between 2020 and 2024
• The average rent in Las Vegas as of December 2024 is $1,794, showing a 2.6% increase year-over-year
• Single-family residences in Las Vegas command an average rent of $2,203, representing a 3.8% increase from the previous year
• Multifamily units in Las Vegas have an average rent of approximately $1,532, showing a 2.0% increase year-over-year
• The average rent in Summerlin is around $2,550 per month, making it one of the more expensive areas for renters
• Downtown Las Vegas offers more affordable rental options with an average rent of around $1,275 per month
• A one-bedroom apartment in Downtown Las Vegas costs an average of $2,100 per month in rent
• In Summerlin, a two-bedroom apartment commands an average rent of $2,500 per month
• Henderson’s rental market prices a one-bedroom apartment between $1,800 and $2,000 per month on average
• The rental vacancy rate in Las Vegas is approximately 4.5%, which represents a decrease from 4.8% in the previous year
• Average rental price of $1,400 for a one-bedroom apartment in Clark County (1.6% drop from previous year)
• Median rent of $1,969 as of February 2024
• Rental houses range from $500 to $30,000 in Las Vegas
• Rents were 30-40% above pre-pandemic levels
• Rent prices in Las Vegas are projected to increase by 3% to 4% annually through 2025
• At a 3% annual growth rate, the projected average rent in Las Vegas by 2025 would reach approximately $1,860 per month
• With a higher 4% annual growth rate, the projected average rent in Las Vegas by 2025 would be approximately $1,880 per month

Sources: The Luxury Playbook, RiceLasVegas

Investment & Development

Investment and development patterns are reshaping Las Vegas’s real estate landscape through institutional buying and major projects. These statistics reveal how investor activity influences the housing market alongside the impact of significant entertainment, transportation, and commercial developments driving future growth.

• Since 2000, investors have acquired approximately 131,710 homes in the Las Vegas Valley
• Investor activity in Las Vegas reached its peak in Q2 2022 with 4,229 homes purchased
• Investors currently represent 23% of all Las Vegas home sales, aligning with concerns that 61.5% of national respondents have about institutional landlords affecting purchasing ability.
• While major developments reshape Las Vegas, 67.42% of national respondents believe modular/small homes will become mainstream as an affordable alternative.
• According to MetLife Investment Management’s 2022 report, Wall Street entities could own up to 40% of single-family rental homes within seven years
• Warner Bros. has committed to an $8.5 billion film studio expansion in Nevada over 17 years
• Sony Pictures is planning a $1.8 billion movie studio development in Summerlin backed by Mark Wahlberg
• The Sony movie studio project is expected to create 16,000 jobs and contribute $1.2 billion to Nevada’s economy
• The U.S. Department of Transportation has approved $2.5 billion in bonds for the Brightline West rail project
• The Oakland A’s new Las Vegas ballpark is scheduled to open in 2028
• Institutional investors and hedge funds currently own roughly 80,000 single-family homes in Clark County (14% of housing stock)
• Institutional investors may control 40% of U.S. single-family rental homes by 2030
• The Resorts World Las Vegas represents a $4.3 billion investment
• The MSG Sphere at The Venetian is a $1.8 billion entertainment venue project
• The Las Vegas Convention Center Expansion is a $980 million project adding 1.4 million square feet
• The Allegiant Stadium represents a $1.9 billion investment
• The Boring Company’s Loop System is a $52 million underground transportation project
• The fourth quarter of 2024 recorded a net occupancy gain of 171,948 SF in the Las Vegas office market
• Office vacancy rates lowered by 30 basis points quarter-over-quarter
• Under-construction office activity represents just 0.3% of existing inventory
• No new office construction projects were initiated in the fourth quarter
• Office asking rents remain higher than a year ago but are growing at a much slower pace than in previous years
• Office sublease availability declined this quarter as fewer large blocks entered the market
• Small subleases are dominating current office availability
• Industrial total vacancy reached 10.6%, crossing into double-digits for the first time in 10.5 years
• Net absorption has lagged construction deliveries for five-straight quarters in the industrial market
• Available industrial sublease space climbed to 1.8 MSF, representing 1.1% of existing inventory
• Industrial sublease percentage is still low compared to the market’s 1.7% high reached in early 2010
• High inflation and more restrained retail spending is prompting some industrial occupiers to shed extra space
• Some industrial occupiers are delaying expansion plans
• Industrial leasing activity totaled 8.9 MSF in 2024, lower than the 13.6 MSF in 2023
• 6.4 MSF of under-construction industrial space will eventually deliver, with little pre-leased
• Industrial vacancy is expected to continue to rise

Sources: Las Vegas Industrial Market Report, Las Vegas Office Market Report, CNBC, ReviewJournal, RiceLasVegas, TheNevadaIndependent

Population & Demographics

Population and demographic patterns fundamentally drive Las Vegas’s real estate market dynamics. These statistics reveal the region’s growth trajectory and resident composition, showing how population increases affect housing demand while highlighting the key characteristics of the Valley’s expanding population.

• Las Vegas population growth continues, with 62.83% of home buyers nationwide seeking lifestyle changes driving their relocation decisions.
• Clark County’s population projection to reach 3 million by 2042 reflects why 65.00% of people nationally think cultural shifts will significantly impact housing demand.
• Las Vegas’s continued growth aligns with the 56.00% of people nationally who would opt for suburban housing.
• Clark County’s population is projected to grow from its current 2.41 million to 3 million residents by 2042
• Las Vegas Strip casinos demonstrate impressive water conservation with 99% of their indoor water being recycled
• The Las Vegas Valley added 14,038 new residents in 2024
• Population increased by 0.6% compared to 2022
• Since 2020, the Las Vegas Valley has added 71,098 new residents
• Las Vegas Valley ranked as the 30th fastest-growing metro in the country
• The population demographics of Las Vegas show a 50% Female/Male split with an average age of 38 years old
• Net migration rate of 6.46% from 2012 to 2016
• Population growth rate in Las Vegas surpassing the national average
• The population of Las Vegas is around 670,000, while the broader metropolitan area encompasses over 2.3 million people 

Sources: REsimpli, U.S. Census Bureau, Movoto Property Insights, NoradaRealEstate, Instagram

Geographic Market Segments

Las Vegas real estate values and activity vary dramatically across the valley’s diverse neighborhoods and communities. These statistics highlight the significant price disparities between areas while showcasing which neighborhoods are experiencing the highest sales volumes and price appreciation. Readers will learn how location influences property values throughout the metropolitan area.

• In the Sun City Summerlin neighborhood, the average home value is $460,433
• Homes in the Lone Mountain area have an average value of $447,792
• The Desert Shores neighborhood has an average home value of $465,476
• Summerlin North’s average home value is $631,070
• The Queensridge neighborhood has the highest average home value at $994,855
• Pioneer Park has an average home value of $335,635
• The Angel Park Lindell neighborhood’s average home value is $365,577
• Homes in Centennial Hills have an average value of $448,724
• The Lakes neighborhood has an average home value of $490,098
• ZIP code 89166 (Mount Charleston, Providence, Skye Canyon, and Kyle Canyon) led sales with 1,772 homes sold in 2024
• ZIP code 89141 (Southern Highlands and Enterprise area) recorded 1,614 home sales
• ZIP code 89135 (Summerlin South and The Summit Club) achieved $1.2 billion in total sales value
• ZIP code 89141 reached $1 billion in total sales value
• In Summerlin, the median home price has grown to approximately $600,000, reflecting a 5% year-over-year increase
• Henderson’s housing market shows a median home price of around $520,000, demonstrating a 4% year-over-year increase
• North Las Vegas has a median home price of $385,000, which is up 3.5% from the previous year
• Downtown Las Vegas properties have a median home price of around $400,000, representing a 4% increase from the previous year
• Tule Springs has a median home price of $664,900, making it one of the more expensive neighborhoods in Las Vegas
• Sun City Summerlin’s median home price stands at $528,000, appealing to retirees and older adults
• The Rancho area has a median home price of $440,000, offering mid-range housing options
• Kyle Canyon properties have a median listing price of $568,900, reflecting its desirable location
• La Madre Foothills has a median home price of $674,900, positioning it in the luxury segment of the Las Vegas housing market
• Charleston Heights offers more affordable housing with a median home price of $348,500
• Centennial Hills Town Center has a median home price of $398,000, attractive to mid-market buyers
• Desert Shores properties have a median price of $395,000, offering lakeside community living
• West Las Vegas provides more affordable housing options with a median home price of $345,000
• Rancho Oakey stands as one of the most expensive neighborhoods with a median home price of $854,500
• Lone Mountain’s median home price is $407,500, offering suburban living within reach of the city
• Pioneer Park has the most affordable median home price on the list at $300,000
• Peccole Ranch has a high median home price of $840,000, making it one of the premium neighborhoods in Las Vegas
• Angel Park Lindell offers affordable housing with a median home price of $305,000
• East Las Vegas has a median home price of $317,500, providing accessible housing options
• Sunrise neighborhood has a median home price of $359,900, placing it in the mid-range of Las Vegas housing
• The Lakes area commands a median home price of $515,000, reflecting its desirable waterfront locations

Sources: The Luxury Playbook, NeighborhoodsinLasVegas, Zillow

Conclusion

Las Vegas real estate in 2025 shows steady 5.5% value growth with major developments like Warner Bros’ $8.5B studio reshaping the landscape. Institutional investors now make up 23% of sales while population growth drives demand despite affordability challenges. As Las Vegas diversifies beyond entertainment, its housing market is positioned for continued expansion.